All Forum Posts by: Walter Jones

Memphis offers incredible logistical advantages: the largest commercial airport in the world, all major US railroads converging here, and a thriving distribution hub. The economy is stable—no wild bubbles or busts—and the city is attracting major investments.

Elon Musk recently built the world’s largest supercomputer in South Memphis, Ford is investing $5 billion into a state-of-the-art truck plant to the east, and the Medical District is booming with healthcare innovation and development. This city continues to grow and evolve, making it a strong choice for real estate investment.

4 Votes

Real Estate Deal Analysis & Advice

Post: Managing a renovation from afar

Walter Jones

Posted January 11, 2025 16:07

Real Estate Agent
Memphis, TN
Posts 97
Votes 96

If you're planning on letting a property manager manage it for you then I'd let them do it. We have some good ones here, and although the rehab wouldn't be as cheap as managing it yourself if wouldn't be full retail price either. They usually have a small upcharge on the work done but it's generally not a profit center for them.

I always have a "hold 1st" mentality - you might have to leave a few more dollars in the deal but at least you'll have it in your portfolio. It sounds like you already have the property?

Reach out if you like I can connect you with a couple of good property managers.

1 Vote

Memphis, Tennessee

Out of State Investing

Post: Uhaul Report - Where people moved in 2024

Walter Jones

Posted January 10, 2025 08:50

Real Estate Agent
Memphis, TN
Posts 97
Votes 96

I always like seeing this report each year. Tennessee holding steady at #5

1 Vote

Memphis, Tennessee

Classifieds

Post: Realtors Do Not Understand Investors

Walter Jones

Posted January 08, 2025 14:26

Real Estate Agent
Memphis, TN
Posts 97
Votes 96

100%. When interviewing an agent just ask them how many properties THEY own. Then get them to tell you about their portfolio and philosophy

0 Votes

Cleveland, Ohio

Out of State Investing

Post: Investment Opportunities in Memphis

Walter Jones

Posted January 08, 2025 05:40

Real Estate Agent
Memphis, TN
Posts 97
Votes 96

Memphis is a great S-8 market!

2 Votes

Memphis, Tennessee

New Member Introductions

Post: I am reintroducing myself

Walter Jones

Posted January 04, 2025 05:40

Real Estate Agent
Memphis, TN
Posts 97
Votes 96

Quote from @John Britt:

I wanted to say hello to the community again. Since the last time I was online, I have grown the investing to fix and flipping and a portfolio of 4 properties that are producing passive income. I am looking to grow the portfolio to short term rents in Daytona Beach, Florida. I want to connect with people that already have some Airbnb investing experience to ask a few questions. I am also willing to provide information on the Memphis and Chattanooga markets. Let’s connect.

I'd love to connect with you about Memphis!

1 Vote

Chattanooga, Tennessee

Classifieds

Post: Who is looking for deals in Memphis, TN?

Walter Jones

Posted January 03, 2025 16:33

Real Estate Agent
Memphis, TN
Posts 97
Votes 96

Add me to your list Jacob. I'm looking for a solid flip personally, but I also work with a lot of out of state and local investors. [email protected]

0 Votes

Memphis, Tennessee

Real Estate News & Current Events

Post: Looking at potential market via Zilow Data

Walter Jones

Posted December 31, 2024 05:33

Real Estate Agent
Memphis, TN
Posts 97
Votes 96

Quote from @Robert Bell:

Memphis has had a favorable rent to price ratio for a long time. Some of our borrowers are focusing on 4 bed 2 bath section 8 to push those numbers even higher.

I pay close attention to 4-bedroom homes in Memphis for S-8 clients

1 Vote

Real Estate News & Current Events

Post: Looking at potential market via Zilow Data

Walter Jones

Posted December 31, 2024 05:31

Real Estate Agent
Memphis, TN
Posts 97
Votes 96

Quote from @Ethan M.:

I recently did some data crunching on Zillow's public datasets. I wanted to see what markets have both a relatively high rent-to-price ratio and high appreciation. I came up with this list:

region-name	:mean-appreciation-10yr	:mean-rtp
Lakeland, FL	126.41055816	0.67416071
McAllen, TX	69.29196216	0.68613497
Memphis, TN	65.48340328	0.72944333
Dayton, OH	61.83590890	0.67836146
Pittsburgh, PA	57.91077304	0.65368893
Greensboro, NC	53.13956162	0.70635074
Youngstown, OH	51.94974231	0.65324659
Winston-Salem, NC	51.92725416	0.78515147
Rochester, NY	48.99770789	0.66227973
Augusta, GA	48.20602024	0.65745314
Toledo, OH	47.58276895	0.72120593
New York, NY	40.92053206	0.99205336
Syracuse, NY	39.81167247	0.73856038
Columbia, SC	35.11367320	0.68110439
Jackson, MS	33.01465547	0.79068896
El Paso, TX	31.68636165	0.72477202
Scranton, PA	31.55005741	0.74227059

I'm somewhat confident in the data, but not 100%. It's my first time working this data. I'm very suspicious of the numbers for New York and the appreciation for Lakeland, FL looks like a funny outlier. I don't have much actual experience with many of these markets. I'm curious what other people think of this list. Does it line up with experience? Does it look radically off? What questions do people have?

I generated the list by combining Zillow's smooth, seasonally adjusted home value dataset (ZHVI) with their rent index (ZORI) for metro areas. Then separately I calculated the appreciation against each home value observation in the ZHVI dataset against its value 10 years earlier for each month. The numbers listed are the mean of the values for the twelve months ending this January.

Love this. Prices are a little soft in Memphis at the moment, but I think that will change when interest rates go down some more. Here's a good article about current inventory versus pre-Covid. Lakeland, McAllen and Memphis are all in the top 11 https://www.fastcompany.com/91250321/housing-markets-59-citi...

2 Votes

Real Estate Agent

Post: Any Section 8 Realtors in Memphis?

Walter Jones

Posted May 30, 2024 08:02

Real Estate Agent
Memphis, TN
Posts 97
Votes 96

Quote from @Josh Terranova:

I'm looking for a realtor that specializes in Section 8. Would love to connect!

Thanks @Jenni Smith! Hey Josh I've worked with clients with an S-8 focus and I loop Brad in on the hand off they do a great job with the management side!

Reach out anytime!

1 Vote

Memphis, Tennessee

Walter Jones has started 4 posts and replied 91 times.

Rounded Star Post: Where to start investing in real estate?

Rounded Star Post: Managing a renovation from afar

Rounded Star Post: Uhaul Report - Where people moved in 2024

Rounded Star Post: Realtors Do Not Understand Investors

Rounded Star Post: Investment Opportunities in Memphis

Rounded Star Post: I am reintroducing myself

Rounded Star Post: Who is looking for deals in Memphis, TN?

Rounded Star Post: Looking at potential market via Zilow Data

Rounded Star Post: Looking at potential market via Zilow Data

Rounded Star Post: Any Section 8 Realtors in Memphis?

Post: Where to start investing in real estate?

Post: Managing a renovation from afar

Post: Uhaul Report - Where people moved in 2024

Post: Realtors Do Not Understand Investors

Post: Investment Opportunities in Memphis

Post: I am reintroducing myself

Post: Who is looking for deals in Memphis, TN?

Post: Looking at potential market via Zilow Data

Post: Looking at potential market via Zilow Data

Post: Any Section 8 Realtors in Memphis?